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Iranian Offshore Oil Company

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The Struggle over Oil

China and India are currently the engines of world economic growth. But India is still a minor part in the worldwide competition for scarce resources. China has become the world's second-largest......

Will Iran pipedream remain just a dream?

The next time you hear talk of the Iran-Pakistan-India gas pipeline, take it with a liberal dose of salt.According to a senior executive of National Iranian Gas Export Company, the Indian......

Oil faces big monthly loss on slowing economic growth, oversupply

Both crude benchmarks are now down around 20 per cent since their last peak in June Oil prices fell to their lowest levels since April on Friday, with Brent on track for its biggest monthly loss......

IOC, ONGC, OIL among five cos named by US administration for Iran ties

The three Indian firms have been named for their stake in the Farsi offshore block in Iran State-owned ONGC, IOC and OIL are among the five global companies named by the US administration for......

Iran replaces ONGC with state company in oil field

Iran has awarded the development of an offshore oil field that state-owned Oil and Natural Gas Corporation had abandoned as commercially unviable, to a domestic company.ONGC Videsh Ltd and its......

5 Indian oil cos may face US sanctions

The US administration has named India's oil and gas flagship ONGC and Indian Oil Corp among the 41 firms worldwide having energy ties with Iran, an act for which it may impose sanctions on them.......

OVL drops plan to develop oil field in Iran

ONGC Videsh Ltd and its partners Indian Oil Corporation and Oil India Ltd have dropped plans to develop an oil field in Iran after the discovery was found to be commercially unviable. The joint......

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